Swander Pace Capital has acquired Maple Donuts Inc., a Pennsylvania-based frozen bakery business, marking its latest investment in the bakery sector. 

The deal, backed by Partners Capital and Constitution Capital Partners as co-investors, will support Maple Donuts’ product expansion, production capabilities, and market reach. Financial terms were not disclosed.

Founded in 1946, Maple Donuts produces private-label frozen donuts for retail and foodservice customers nationwide, offering ready-to-sell and ready-to-finish options. Co-presidents Damian and Nathaniel Burnside, who will continue to lead the business, expressed confidence in Swander Pace’s stewardship, saying: “We are confident that Maple Donuts is in excellent hands for the next chapter.”

Maple Donuts marks the eighth bakery platform and 15th investment in the sector for Swander Pace Capital. The firm’s previous deals include Boulangerie St. Méthode, Café Valley, Bäckerhaus Veit, Voortman Cookies, Pineridge Bakery, Ideal Snacks, and Nonni’s Biscotti. Earlier this year, Swander Pace’s portfolio company Café Valley acquired Freed’s Bakery, expanding its reach in iced mini cupcakes for national and regional retailers.

Swander Pace’s continued activity in the bakery space underscores private equity’s appetite for scalable, growth-oriented food platforms.

Source: Food Processing  

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